Current location - Trademark Inquiry Complete Network - Futures platform - Impact of 9 1 1 incident on insurance industry
Impact of 9 1 1 incident on insurance industry
As Manhattan Island in new york is a gathering place for multinational financial companies, their business has been affected to some extent. According to a preliminary estimate, the loss exceeded $654.38+0 billion. Companies with offices in the World Trade Center are even more unlucky. Their business is almost paralyzed and a lot of data is lost. Among the famous companies are Bank of America, Asahi Bank, Deutsche Bank, International Trust Bank, Kemper Insurance Company, Marsh Insurance Company, Imperial Life Insurance Company, Guy Carpenter Insurance Company, Kanter Fitzgerald Investment Company, Morgan Stanley Financial Company and American Commodity Futures Exchange. Among them, Morgan Stanley suffered the most because it rented 298,000 square meters of office space in the World Trade Center, and many of its employees didn't even have office space.

Within one week after the September 1 1 incident, AIG, the largest property insurance company in the United States, paid $500 million, MetLife, the second largest life insurance company, paid $300 million and CNA Financial Insurance Group paid $230 million. Several large reinsurance companies around the world also suffered heavy losses, especially Munich Reinsurance, Swiss Reinsurance, Lloyd's Insurance Company of London and General Reinsurance. Warren Buffett once said that it would take several years for his reinsurance company to recover. Moody's Investors Service, an internationally renowned credit rating agency, predicts that the total repayment amount of the global insurance industry is between 654.38+0.5 billion and 30 billion US dollars.

Extended data:

On the morning of 200 1 September 1 1 Sunday (EST), two civil airliners hijacked by terrorists crashed into the World Trade Center1Building and Building 2 in New York, respectively. These two buildings collapsed after the attack, and five other buildings of the World Trade Center collapsed and were damaged in the earthquake. At about 9 o'clock, another hijacked passenger plane crashed into the Pentagon of the US Department of Defense in Washington, USA, and the local structure of the Pentagon was damaged and collapsed.

References:

Baidu Encyclopedia -9 1 1 Event